Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Line Item Description Bath Scale Gym Scale Western Region unit sales 25,900 35,900 Eastern Region unit sales 28,000 29,400 Total 53,900 65,300 The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,100 and 2,400 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 800 and 2,600 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc.Production BudgetFor the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale - Select - - Select - - Select - - Select - Total units available Total units available Total units available - Select - - Select - Total units to be produced Total units to be produced Total units to be produced
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Production budget
Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows:
| Line Item Description | Bath Scale | Gym Scale |
|---|---|---|
| Western Region unit sales | 25,900 | 35,900 |
| Eastern Region unit sales | 28,000 | 29,400 |
| Total | 53,900 | 65,300 |
The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,100 and 2,400 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 800 and 2,600 units, respectively.
Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Healthy Habits Inc.Production BudgetFor the Month Ending January 31
| Line Item Description | Units Bath Scale | Units Gym Scale |
|---|---|---|
|
|
- Select - | - Select - |
|
|
- Select - | - Select - |
| Total units available | Total units available | Total units available |
|
|
- Select - | - Select - |
| Total units to be produced | Total units to be produced | Total units to be produced |
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